How will you settle firm’s debts and private debts of partner’s o – InterviewSolution

1.	How will you settle firm’s debts and private debts of partner’s on the dissolution of a firm?
Answer» Since the liability of partners is unlimited their private assets can be used to pay o the firm’s debts. But they will have the right to use their assets for paying their private debts first. They need to contribute only the remaining assets.

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